Establishes the Deficit Reduction Trust Fund and the Build America Trust Fund. Requires the Secretary of the Treasury to make investments for both trust funds in interest-bearing obligations of the United States. Requires transfer to the Build America Trust Fund of any interest earned on obligations in the Deficit Reduction Trust Fund. Provides for the appropriation of Federal moneys to both funds. Requires the President to report to the Congress annually on the financial condition and the use of such trust funds.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the House Committee on Public Works + Transportation.
Referred to the House Committee on Science, Space and Technology.
Referred to the House Committee on Education and Labor.
Referred to the Subcommittee on Science, Research and Technology.
Referred to the Subcommittee on Water Resources.
Referred to the Subcommittee on Economic Development.
Referred to the Subcommittee on Aviation.
Referred to the Subcommittee on Public Buildings and Grounds.
Referred to the Subcommittee on Surface Transportation.
Referred to the Subcommittee on Elementary, Secondary and Vocational Education.
Referred to the Subcommittee on Postsecondary Education.
Referred to the Subcommittee on Select Education.
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